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Trucker Protest Moves to Cryptocurrency Donations on Tallycoin

Trucker Protest Moves to Cryptocurrency Donations on Tallycoin

After getting rejected by GoFundMe due to controversial protests, Canadian truckers decided to raise funds via digital assets.

Donations in cryptocurrencies have excelled quite a bit as they have become a lot more accepted by the public. 2021 showed prominent results for charities that raised funds in crypto -  almost a 600% increase compared to 2020.

In fact, a group of protesting truckers in Canada, operating under the name Freedom Convoy Campaign, have started raising monetary support to tackle pandemic requirements like isolation and wearing masks.

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How to Store NFTs in 2023 (3 Most Secure Ways Explained)

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The Bitcoin for Truckers campaign had initially started in the middle of January, and managed to raise $9M on GoFundMe. However, the platform pulled the plug on the trucker fundraiser after reports on violent protests emerged on local news outlets. 

GoFundMe came to the conclusion that its terms and conditions were broken by this campaign, and the platform reimbursed every donor on February 5th. This moved the Freedom Convoy Campaign towards cryptocurrencies.

Tallycoin is a fundraising platform that is built on the Bitcoin blockchain, with the main cryptocurrency for donations being Satoshi coins (SATS). Currently, the trucker campaign has over 3800 contributors, and raised over 870M SATS, which is almost $400K.

While the goal of 6.15 BTC was reached in just a couple of days, the previous Freedom Convoy Campaign on GoFundMe had over 20 times more funds raised in fiat money. Likewise, conversion rates and market fluctuations may alter the total amount raised. With that being said, BTC underwent a slight increase - 3.18% over the past 24 hours, averaging $42,709.56.

Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.



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